AZZ raises FY2027 guidance as first-quarter sales rise 6.3% to $448.5 million
AZZ reported first-quarter fiscal 2027 sales of $448.5 million, up 6.3%, and adjusted diluted EPS of $1.85, up 3.9%, and raised its full-year fiscal 2027 guidance for sales, adjusted EBITDA and adjusted diluted EPS. GAAP net income fell 69.6% to $52.0 million because the prior-year quarter included a large equity gain from the AVAIL joint venture, and adjusted EBITDA declined to $99.5 million from $106.4 million. For shareholders, the higher guidance points to management expecting stronger full-year results, though the guidance excludes M&A activity.
- Sales of $448.5 million rose 6.3%; Metal Coatings sales of $210.3 million rose 12.3% and Precoat Metals sales of $238.2 million rose 1.5%.
- GAAP net income was $52.0 million, down 69.6% from $170.9 million a year earlier, which included AVAIL JV equity in earnings; GAAP diluted EPS was $1.72.
- Adjusted diluted EPS of $1.85 rose 3.9%, while adjusted EBITDA was $99.5 million, down from $106.4 million.
- Revised fiscal 2027 guidance: sales $1.80 billion to $1.85 billion (from $1.725 billion to $1.775 billion); adjusted diluted EPS $6.75 to $7.15 (from $6.50 to $7.00).